This paper reviews the published literature on the definition and measurement of the administrative and compliance costs of taxation, with special reference to VAT (including evasion and fraud) in the European Union.

Though the global financial crisis hit Russia’s economy harder than many other emerging markets, the situation in both Russia’s real and financial sector stabilized as early as in the first half of 2009. However, the exit strategy chosen by the Russian authorities lacked any specific...

In the years before the economic crisis, global demand for energy resources rose sharply, especially from developing countries. During the economic crisis, oil demand decreased for a short period. In forecasting post-crisis developments, it is reasonable to assume a future reduction in the...

So far, developing countries like the countries of the Mediterranean region seem to have been far less affected by the and started to recover earlier crisis than industrial countries. However, the region faces several problems like high unemployment and high inflation in the long term due to...

Positive signs emerging from the global economy prompt many economists to voice their concerns about the threat of imminent inflation. However, a careful investigation of the current economic environment suggests that while some risks exist and need to be monitored, inflation is very unlikely to...

This study reviews the impact of the global financial crisis on public service delivery in the Republic of Moldova. It provides a background of the country’s development in the period prior to the crisis (2000 to 2007/2008) and presents the factors which determined the country’s fiscal...

Can Europe avoid falling in to a Japanese-style stagnation trap? In this type of trap, we see a repeated cycle of a financial crisis leading to a fiscal crisis, leading to a decline in consumer and investor confidence, and a resulting fall in demand. The decline in growth that inevitably follows...

The current European debt crisis is bringing to the fore well-defined cracks in the Eurozone’s construction. There are two possible scenarios for the future of the Eurozone: Either its members will have the collective will to roll back national sovereignty, or current plans for a European...

The global economic crisis has created new challenges for education systems all over the world. The Former Soviet Union countries were confronted with an urgent issue, not necessarily specifically related to the crisis: to formulate and introduce new educational curricula, standards, and...